CONSTRUCTION OF IRAN-ARMENIA RAILROAD IS A PROJECT OF GREAT STRATEGIC IMPORTANCE

AZG Armenian Daily
03/06/2009

Armenia-Iran

Construction of Iran-Armenia railroad is a project of great strategic
importance not only for the two states but also for the whole region.

Ambassador of Iran to Armenia Seyed Ali Saghayan told Armenpress that
the railroad can be considered a very convenient direction for cargo
transportation. According to him, the Iranian technical-expert group
has lately visited Armenia to study in what direction the railroad
must be constructed. "Besides that we expect the investors to display
interest towards the project and Russia seems to be interested in
the participation of the project implementation," the Ambassador
noted. According to S. Ali Saghayan the political decision of
construction of the railroad has already been reached – during the
Armenian President Serzh Sargsin’s visit to Iran an agreement has been
reached and at present the discussion of technical issues is being
conducted. Different variants of the direction of the railroad are
being discussed. With the initial information investment of 2 billion
USD will be needed for the construction of Iran-Armenia railroad. The
World Bank and Asian Development Bank have expressed interest in the
railroad construction project.